Thursday, September 24, 2009

More changes in the Concord media landscape

There are more changes coming to the Concord media landscape. In the latest case, it's radio stations being sold.
According to a press release posted on the Nassau Broadcasting Web site earlier this week, the company has sold two of its FM stations to Jeff Shapiro's Great Eastern Radio LLC. Great Eastern Radio owns WTPL-FM 107.7 The Pulse out of Bow as well as stations in the Hanover/White River Junction area that it picked up from Clear Channel, when it sold off a bunch of smaller stations before becoming a privately held company.
Great Eastern Radio is acquiring WNNH-FM 99.1 FM, a 2,800-watter out of Henniker and WWHQ FM 101.5 FM, a 6,000-watter out of Meredith [Both stations, while not officially located in Concord, serve the Concord-Lakes Region radio market].
According to the press release, "the stations were scheduled to be divested by Nassau per FCC ownership requirements as part of the Company’s recent filing with the FCC of its previously announced restructuring."
The terms of the agreement were not disclosed. The FCC must first approve of the sale.
This latest sale comes on the heels of Nassau selling its classical music FM in Boston, WCRB, to WGBH for around $14 million, according to press sources. Nassau, which is also privately held, gave a "controlling stake" in the company to Goldman Sachs, in exchange for forgiving part of the company's debt, according to press sources.
Rumors have been floating around the Internet since this summer about a move by Nassau to unload some of its New Hampshire properties. Radio insiders and other fans have been posting speculative notes on that were saying Shapiro was going to be the high bidder for Nassau stations on the market.
Currently, WNNH simulcasts the "Frank" classic hits format on that station and Nassau's WLKZ in Wolfeboro, a station that was also rumored to be for sale a number of years ago. WWHQ broadcasts "The Hawk" classic rock format. Nassau used to also simulcast this programming on WWHK 102.3 FM, the former WKXL FM station that was recently purchased by a conservative columnist [the station currently airs rock music with station IDs and nothing else].
There has been no comment yet on what formats Great Eastern Radio will offer on the stations or whether Nassau will continue with Frank on WLKZ.

1 comment:

Ben Venator said...

I wonder what creative local programming that gets attention would be? Get AA on the air, syndicate Howie Carr, have Judy Pancoast do a Saturday morning kids variety show and an "Exs Politial Forum" hosted by some of the millions of ex state-reps and ex-congress men (see if they can get an ex Supreme Court Judge every now and then). Woo Hoo. And some music!